ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH

PROGRAMME STRUCTURE FOR ISBE (PG) S No

1. 2. 3. 4. 5. 6. 7. 8. 9.

Subject
Business Statistics Operations & Optimization Research Economics for Managerial Decision Making II Management Information System & KM Human Resource Management Financial Management Executive Communication National Economic Planning I (Presentation Only) National Economic Planning - II

Credit
3 3 2 2 2 2 6 2 2

BUSINESS STATISTICS (As per University Syllabus) UNIT 1. BUSINESS STATISTICS - WHAT AND WHY? INTRODUCTION Definition of statistics Five stages of statistical investigation

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH - Collection - Organization - Presentation - Analysis - Interpretation Functions of statistics Limitations of statistics

COLLECTION OF DATA Primary data: use and problems Secondary data: use and problems Internal data Points to be kept in mind while designing questionnaires Designing a questionnaire Points to be kept in mind while using secondary data PRESENTATION OF DATA Classification of Data Frequency Distribution Exclusive Vs. Inclusive Method Tabulation of Data Types of Tables Bar Diagrams, Pie Charts Types of Graphs Histogram, OGIVE Curve UNIT 2. MEASURES OF CENTRAL TENDENCY AND VARIATION CENTRAL TENDENCY Objectives Of Averaging Arithmetic Mean - (Grouped And Ungrouped) Combined mean - Direct Method - Short Cut Method Mode - Direct Method - Short Cut Method Which Average to Use? When? General Limitations of an Average Median VARIATION Introduction Significance of Measuring Variation Methods of Variation - Absolute vs. Relative (coefficient) measures of variation Range & Coeff. of range

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH Average deviation (grouped; ungrouped) & its coefficient Standard deviation & its coefficient, combined Standard Deviation and properties Which measure of variation to use?

UNIT 3. CORRELATION AND REGRESSION ANALYSIS CORRELATION Significance of studying Correlation Correlation and Causation Types of Correlation Methods of studying Correlation - Scatter diagram method - Karl Pearsons coefficient of Correlation (ungrouped & bivariate distribution) Properties of Correlation REGRESSION Difference between correlation & regressions Regression lines Regression equations Regression coefficients - Methods of studying regression coefficient (ungrouped) - Method of least squares - Method of deviation taken from actual mean - Method of deviation taken from assured mean Bivariate distribution Properties of regression coefficients UNIT 4. PROBABILITY DISTRIBUTION Normal distribution Practical uses of normal distribution Area relationship under normal distribution Applications of the normal distribution Reading Z- table

UNIT 5. SAMPLING AND SAMPLING DISTRIBUTIONS Purpose of Sampling Principles of sampling Principle of statistical regularity Principle of inertia of large numbers Sampling distribution - Sampling distribution of the mean - Sampling distribution of the difference between two means - Sampling distribution of proportions - Sampling distribution of the difference of two proportions Central limit theorem

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH Relationship between population, sample and sampling distributions

RECOMMENDED BOOKS Statistics For Management (by) Richard Levin / David S Rubin (Seventh Edition Pearson Education) Business Statistics (by) S P Gupta and M P Gupta (S Chand & Sons) Nabendu Pal: Statistics - Concepts And Applications, Prentice Hall of India M.R. Spiegel and Larry J. Stephens : Statistics, Tata Mc. Graw Hill Edition. M.R. Spiegel and Larry J. Schiller and R.Alu Srinivasan : Probability and Statistics, Tata Mc. Graw Hill Edition.

OPERATIONS AND OPTIMIZATION RESEARCH (As per University Syllabus) UNIT 1. OPERATIONS RESEARCH Meaning and scope Relevance of O.R. techniques for solving business problems UNIT 2. DECISION THEORY Decision making and the parameters involved, including probabilistic situations Decision making under certainty, risk and uncertainty; criteria for decision making under each Expected monetary value as an aid to decision making Decision tree and its managerial application Game Theory Business games and strategies adopted by players Game matrix Pure strategies and saddle point Mixed strategies Dominance theory and linear programming as tools for determining outcomes Application of game theory for pricing advertising and similar managerial decisions UNIT 3. CRITICAL PATH METHOD AND PROGRAM EVALUATION AND REVIEW TECHNIQUES Monitoring and control of time and project cost using critical path ;float of activities(total, free and independent float);estimation of time of completion/duration of project Variance analysis for estimating probability of project completion in scheduled time Midcourse correction and crashing of duration of activities ;arresting delays; optimal time cost trade off Resource and manpower allocation and leveling to match the required schedules of project. UNIT 4. PRODUCTION SYSTEMS

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH Types of production systems and layouts Capacity requirements planning Facilities, location and influencing factors; evaluation of alternatives JIT, FMS, and Group Technology Productivity And Work Study Method study: Basic procedure, charts, diagram Work measurement & Time study Work sampling, learning curve, production standards Aggregate production planning; heuristic methods

UNIT 5. PROCESS CONTROL Inventory management: Basic concepts; selective inventory control models; ordering systems; material requirement planning; operations scheduling: Meaning; dynamic and static scheduling; design rules Quality control; variables and attributes Process control and acceptance sampling Maintenance: Facilities; total productive maintenance RECOMMENDED BOOKS J. K. SHARMA: Operations Research (Macmillan) Total Quality Management (by) Besterfield (Pearson) Production & Operations Management (by) S. N. Chary (TMH) Quantitative Analysis for Management (by) Barry Render and Ralph Stair, Jr. An Introduction to Management Science (by) Anderson, Sweeney and Williams ECONOMICS FOR MANAGERIAL DECISION MAKING-2 (As per University Syllabus) 1. INTRODUCTION Economics And Managerial Decision Making - Managerial decision making under perfect information, risky and uncertain situations. - Economics: Scope of economics; economics as a tool for decision making. - Managerial Economics: Definition and scope; distinction between economics and managerial eco. 2. CONSUMER DECISION MAKING Demand Side Of The Market - Factors influencing demand; managerial implications. - Demand elasticities and lessons for a manager. - Demand estimation and fore casting: Basic methods. Logic of Buying And Consumption

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH Conventional explanation for consumer behavior: Review Attributes approach for explaining consumer choices

3. ECONOMICS OF SUPPLY AND PRODUCTION Supply Side of The Market - Factors determining after of a supplier. - Supply elasticities and lessons for a manager.Production: Conceptual Framework - Production concepts: review - Cost concepts; their role in decision making; incrementation; engineering cost curves. - Economies and diseconomies in production and supply. 4. PRICING DECISIONS AND IMPLEMENTATION Alternative Paradigms Of Decision Making By A Firm - The neoclassical model of firm: revenue, equilibrium, and profit positions. - Boumolss sales revenue maximization model. - Behavioral approach of Cyert and March. - Marris model of managerial enterprise. Various Market Models And Market Power - Market classification based on number of players and extent of competition; contestable markets. - Power of the marketer regarding price setting in each of the situations. Pricing Decisions And Implementations-1: Price Determination - Pricing decisions when competitors would not react. - Pricing under mutual dependence conditions - Pricing for attaining long term objectives. Pricing Decisions And Implementation-2: Specific Models Of Pricing - Situation of multiplant operations - Cartelization - Price discrimination - Transfer pricing Pricing Decisions And Implementation-3: Decisions In Practice - Pricing under uncertainty. - Rule of thumb pricing. - Mark up pricing. - Product line pricing. - Price as quality indicator. - Pricing of product bundles - Promotional pricing. Pricing Decisions And Implementation-4: New Product Pricing Setting the initial price. Adjusting price overtime 5. PRICING IN A REGULATORY FRAMEWORK Market Failures And Price Regulations - Market failures and need for regulation. - Regulations and market structure, firm behavior etc.

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH Price regulation RECOMMENDED BOOKSS Managerial Economics (by) Ivon Ping (Blackwell Publishers) Economics of Business Policy (by) D N Sengupta and Anindya Sen (OUP) Micro Economics (by) Koutsayannis IVON PING: Managerial Economics (Blackwell Publishers) D N SENGUPTA AND ANINDYA SEN: Economics of Business Policy (OUP)

MANAGEMENT INFORMATION SYSTEM & KM (As per University Syllabus) 1. CONCEPT, ROLE AND COMPONENTS OF MIS Concept of information system and information flow; role and importance of information systems in management process; strategic role of I.T. in M.I.S ; information systems for competitive advantage Components of MIS: Design and maintenance of M.I.S and Decision support systems ;development and implementation of MIS :systems analysis and design ;alternative application developments, financing issues (basic idea) BPR: Concept; role of I.T. for BPR ERP: Meaning; importance; applications; enterprise management systems (basic idea Only) 2. INFORMATION SYSTEM: THE HARDWARE & THE SOFTWARE Hardware and Software DBMS Applications of MIS 3. KNOWLEDGE MANAGEMENT Basics of KM Strategic dimensions 4. KNOWLEDGE MANAGEMENT AND TECHNOLOGY SUPPORT Role of I T in knowledge management Data capturing, mining and warehousing; processing and sharing of knowledge using I T 5. LEARNING ORGANISATIONS Concept of a learning organization and relevance of KM RECOMMENDED BOOKSS Knowledge Management (by) Avadh Ghaziri (Person Education) Management Information System (by) Laudon and Laudon (Pearson Education) MIS A Managers View (by) Mary Summer & Robert Schultheis (TMH: Latest Edition)

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH M.H.Zuck: Knowing and Strategy Effy Oz: Management Information Systems

HUMAN RESOURCE MANAGEMENT (As per University Syllabus) UNIT 1. ORGANIZATIONAL STRUCTURE AND DESIGN AND ORGANIZATIONAL CULTURE Meaning, factors affecting, and elements of organizational structure Organizational design structures High performance systems Meaning, functions, types, descriptions Management of organizational structure Changing organizational structure International comparisons Cross cultural dimensions: Hofsteeds analysis UNIT 2. HRD: CONCEPTUAL FRAMEWORK Evolution, concept, characteristics of HRD Objectives of HRD HRD as a total system Functions of HRD HRD vs. personnel management UNIT 3. HRD: PHILOSOPHY AND STRATEGIES Overview and philosophy HRD matrix Policies, strategy HRD programs: Barriers HRD and Indian organizations UNIT 4. HRD SYSTEMS HRD systems: Principles and process of designing Factors affecting HRD systems designing UNIT 5. HRD MECHANISMS

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH Prerequisites for HRD Variables in HRD mechanisms HRD processes and outcomes Organizational effectiveness

RECOMMEDED BOOKS KAVITA SINGH: Organizational Behaviour (Pearson) Chs.7,11,13-17 SANTOSH GUPTA & SACHIN GUPTA: Human Resource Development (Deep & Deep: 2005) Chs.1-5 JOHN M IVANCEVICH: Human Resource Management (TMH: Latest Edition) Wayne F Cascio, Managing Human Resources, TMH Fisher, Schoenfeldt and James Shaw, Human Resource Management, Biztantra FINANCIAL MANAGEMENT (As per University Syllabus) 1. NATURE AND SCOPE OF FINANCIAL MANAGEMENT MEANING Meaning, nature and scope; finance functions; job of a finance manager; organization of function. Financial goal of a business: profit v/s wealth maximization; implications; conflict of goals among various stakeholders CONCEPT OF TIME VALUE Concepts of discounting, compounding, present value, future value; methods of estimation. 2. EQUITY VALUATION CONCEPT Concepts of equity and its valuation Beta estimation and cost of equity COST OF CAPITAL Dividend growth v/s CAPM WACC 3. CAPITAL BUDGETING & CASHFLOW INVESTMENT ANALYSIS Investment decisions: nature; criteria for evaluation Methods of evaluation: NPV, IRR, PI, ARR; their relative superiority and shortcomings Cash flow v/s profit; components of cash flow Incremental approach for cash flow estimation Depreciation: concept; tax treatment of depreciation

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH 4. OPERATING LEVERAGE AND CAPITAL STRUCTURE Financial and combined leverage; impact of leverage on risk taking Planning an optimum capital structure: Capital structure determination theories; net income approach; net operating income approach; Modigliani-Miller approach; designing capital structure 5. WORKING CAPITAL MANAGEMENT Concept and planning for working capital; financing of working capital; approaches for determining the financing mix; management of inventory, receivables, and cash. RECOMMENDED BOOKSS M Y Khan and P K Jain : Financial Management (TMH) Prasanna Chandra, Financial Management. TMH James Van Horne and John Wachowicz, Financial Management, Pearson Brigham & Houston, Fundamentals of Financial Management, Thomson Paresh P Shah, Financial Management, Biztantra

ISBE (PG) (2011-13) PGP_II_SEMESTER_SPRING SUMMER_MAY_BATCH